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Stock Purchase Agreement

 

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Title:

Stock Purchase Agreement

Entities:

Peppermill Capital Corp.

Date:

2000

Size:

Preview shows 5KB of 60KB total

Price:

$44

ID:

#1325420

 

 

► Purchase & Sale ► Purchase ► Stock Purchase Agreements

 

 

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                            STOCK PURCHASE AGREEMENT
















<PAGE>


EXHIBIT 2.1
STOCK PURCHASE AGREEMENT


AGREEMENT entered into as of November 19, 1999, by and among Varner
Technologies, Inc., a Missouri corporation (the "Buyer"), and Certain
Shareholders of Peppermill Corporation Corp. set forth on Schedule A hereto (the
"Sellers"). The Buyer and the Sellers are referred to collectively herein as the
"Parties."

The Sellers in the aggregate own 90.0024% of the combined issued and
outstanding capital stock of Peppermill Capital Corp., a Nevada corporation
("Target").

This Agreement contemplates a transaction in which the Buyer will purchase
from the Sellers, and the Sellers will sell to the Buyer, their entire interest
in Target, which constitutes 90.0024% of the issued and outstanding shares of
the Target in return for cash.

NOW, THEREFORE, in consideration of the premises and the mutual promises
herein made, and in consideration of the representations, warranties, and
covenants herein contained, the Parties agree as follows:

1. Definitions.

"Accredited Investor" has the meaning set forth in Regulation D promulgated
under the U.S. Securities Act of 1933 ("Securities Act").

"Adverse Consequences" means all actions, suits, proceedings, hearings,
investigations, charges, complaints, claims, demands, injunctions, judgments,
orders, decrees, rulings, damages, dues, penalties, fines, costs, amounts paid
in settlement, Liabilities, obligations, Taxes, liens, losses, expenses, and
fees, including court costs and attorneys' fees and expenses.

"Affiliate" has the meaning set forth in Rule 12b-2 of the regulations
promulgated under the U.S. Securities Exchange Act of 1934 ("Securities Exchange
Act").

"Buyer" has the meaning set forth in the preface above.

"Closing" has the meaning set forth in ss.2 below.

"Closing Date" has the meaning set forth in ss.2 below.

"Code" means the Internal Revenue Code of 1986, as amended.

"Confidential Information" means any information concerning businesses and
affairs of the Target that is not already generally available to the public.

"Environmental, Health, and Safety Requirements" shall mean all federal,
state, local and foreign statutes, regulations, ordinances and other provisions
having the force or effect of law, all judicial and administrative orders and
determinations, all contractual obligations and all common law concerning public
health and safety, worker health and safety, and pollution or protection of


<PAGE>


the environment, including without limitation all those relating to the
presence, use, production, generation, handling, transportation, treatment,
storage, disposal, distribution, labeling, testing, processing, discharge,
release, threatened release, control, or cleanup of any hazardous materials,
substances or wastes, chemical substances or mixtures, pesticides, pollutants,
contaminants, toxic chemicals, petroleum products or byproducts, asbestos,
polychlorinated biphenyls, noise or radiation, each as amended and as now or
hereafter in effect.

"Financial Statement" has the meaning set forth in ss.4 below.

"GAAP" means United States generally accepted accounting principles as in
effect from time to time.

"Indemnified Party" has the meaning set forth in ss.8 below.

"Indemnifying Party" has the meaning set forth in ss.8 below.

"Intellectual Property" means (a) all inventions (whether patentable or
unpatentable and whether or not reduced to practice), all improvements thereto,
and all patents, patent applications, and patent disclosures, together with all
reissuances, continuations, continuations- in-part, revisions, extensions, and
reexaminations thereof, (b) all trademarks, service marks, trade dress, logos,
trade names, and corporate names, together with all translations, adaptions,
derivations, and combinations thereof and including all goodwill associated
therewith, and all applications, registrations, and renewals in connection
therewith, (c) all copyrightable works, all copyrights, and all applications,
registrations, and renewals in connection therewith, (d) all mask works and all

 

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